Smoore International Holdings (HKSE:06969) Gross Margin % : 41.01% (As of Dec. 2023)

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What is Smoore International Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Smoore International Holdings's Gross Profit for the six months ended in Dec. 2023 was HK$2,712 Mil. Smoore International Holdings's Revenue for the six months ended in Dec. 2023 was HK$6,613 Mil. Therefore, Smoore International Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 41.01%.

The historical rank and industry rank for Smoore International Holdings's Gross Margin % or its related term are showing as below:

HKSE:06969' s Gross Margin % Range Over the Past 10 Years
Min: 24.31 Med: 41.06 Max: 53.63
Current: 38.81

During the past 8 years, the highest Gross Margin % of Smoore International Holdings was 53.63%. The lowest was 24.31%. And the median was 41.06%.

HKSE:06969's Gross Margin % is ranked better than
56.86% of 51 companies
in the Tobacco Products industry
Industry Median: 32.22 vs HKSE:06969: 38.81

Smoore International Holdings had a gross margin of 41.01% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Smoore International Holdings was 1.50% per year.

Smoore International Holdings Gross Margin % Historical Data

The historical data trend for Smoore International Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Smoore International Holdings Gross Margin % Chart

Smoore International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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44.05

52.91

53.63

43.31

38.81

Smoore International Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial								52.31	47.86	39.34	36.22	41.01

Competitive Comparison of Smoore International Holdings's Gross Margin %

For the Tobacco subindustry, Smoore International Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Smoore International Holdings's Gross Margin % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Smoore International Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Smoore International Holdings's Gross Margin % falls into.

Smoore International Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Smoore International Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	4740.9	/	12215.784
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12215.784 - 7474.858)	/	12215.784
	=	38.81 %

Smoore International Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2711.6	/	6612.506
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6612.506 - 3900.945)	/	6612.506
	=	41.01 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Smoore International Holdings (HKSE:06969) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Smoore International Holdings had a gross margin of 41.01% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Smoore International Holdings Gross Margin % Related Terms

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Smoore International Holdings (HKSE:06969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Smoore International Holdings Ltd (HKSE:06969) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

SMORF:USA

Address

Gushu Community, Xixiang Street, No. 16, Dongcai Industrial Zone, Bao’an District, Guangdong, Shenzhen, CHN

Website

https://www.smooreholdings.com

Smoore International Holdings Ltd offers vaping technology solutions, including manufacturing vaping devices and vaping components for Heat-not-burn products. It operates in three segments namely research, design and manufacturing of closed-system vaping devices and vaping components for tobacco companies and independent vaping companies, and research, design, manufacturing, and sale of self-branded open-system vaping devices, or APV, for retail clients and new business such as atomization in medical treatment to provide patients with inhalation drug delivery products on a basis of atomization technology. The company generates maximum revenue from Vaping devices and components, other than APV.

Smoore International Holdings (HKSE:06969) Headlines

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